Trump and Crypto: Boom or Bust?

[Jeorgejs]

This is not new. When TRUMP previously smacked a 100% tariff on China, adding to the earlier 30%, the crypto market had a negative reaction. Volatility increased sharply, around $400 billion in market cap disappeared, and the global economy felt the impact. Even decentralized coins can’t escape global shocks proof that politics still moves crypto.

Some of good geopolitical news gave the global economy a little breather and crypto got the lift too. When the time it looked like US and China trade tensions were easing and tariffs might slow, Bitcoin and a bunch of altcoins jumped. Prices climbed as investors got more confident, and other money started flowing back in. Goes to show: even small positive signs in the economy can give digital assets a real boost.

Can we really call Trump the hero of crypto and world markets?

[Z-tight]

Can we really call Trump the hero of crypto and world markets?

I wouldn't call him a hero, not at all. But his administration is surely much better than the previous one which was all about regulation through enforcement. There is no denying that Trump has his own personal interest in all of this, i mean, he even created a memecoin and his wife also did the same, lol.

BTC and a large part of the financial markets react to political and economic news, it has always been that way. Since Trump became president, he has made a lot of rash decisions, especially starting off a trade war, which was not good for the crypto network in the short term. However, in terms of a direct attack on the crypto network and its services, his adminstration has been kind of soft on that front.